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What is Medigap Plan F?

Since the inception of Medicare, Medigap plans at help seniors save a great deal of money on their medical bills covering the gaps in Medicare part a and part B.  While there have been many changes in Medigap plans over the years, one plan has remained one of the most popular and a favorite amongst beneficiaries.  Medigap plan F is the most comprehensive plan offered by Medicare.  This plan covers 100% of any co-pays, deductibles, and it pays also 100% of the coinsurance that Medicare part A and B do not cover.

It is by far the most popular plan and several different insurance carriers offer this coverage.  This does not mean you should not look at other plans as there are a few others that have outstanding benefits with lower premiums than plan F.  However with these lower premiums comes cost-sharing options, meaning that you must pay either co-pays or deductibles to get these lower premiums with these plans.

Let’s take a quick look at what exactly Medigap plan F does come over, and then we will compare some other options to help you choose which coverage is best for you.

Medigap plan F

This plan pays the part a deductible the part B deductible, as well as coinsurance for both part a and part B.  The easiest way to consider what plan F actually is, would be to simply look at it as 100% coverage.  This means you can visit any Dr. or specialist in the United States provided they simply accepts Medicare and you will never receive a medical bill for all Medicare-approved expenses.

So while this is the best coverage, it also has the highest monthly premium.  A very important consideration when shopping for Medigap plan F is that while most insurance carriers offer this plan, they all have the same benefits.  This is because the plan is standardized by the governments, meaning that each carrier must offer the same benefits within each plan letter.  Therefore, a Medigap plan F from AARP, is identical to a plan F from AFLAC.  Their premiums however, can vary dramatically.  This is why it it is extremely important to shop all of the rates from the top carriers in your area using this website.

Are There Other Options?

Some other plans to consider might be a plan G or a plan N.  These plans are similar to F in the fact that they cover the 20%, however prior to Medicare paying anything you must pay the annual part B deductible yourself.  With plan G after this deductible is met the plan pays everything 100% with no other out-of-pocket expenses.  On plan N there are additional cost-sharing expenses that you must pay such as copays and part B excess charges if applicable.

Many people do not wish to pay any other additional expenses and simply want all of their medical bills paid in full.  Because a Medigap plan F pays all deductibles and coinsurance this would be the best option.

To get instant quotes for Medigap plan F in your area simply enter your zip code below.

Why Medicare Supplement Plan N is a Great Choice

Medicare supplement Plan N is gaining in popularity with many and for good reason. Medicare Plan N covers Medicare Part A—its deductible, coinsurance, Hospice care coinsurance or copayment, the charge for the first three pints of blood and skilled nursing facility care coinsurance. When it comes to Part B, it covers the coinsurance.

However, it does not cover Medicare part B and its annual deductible of $140 or excess charges above the “Medicare approved amount for Medicare part B.”
It is important to note that some are skeptical about choosing Medicare N and go with Medicare supplement plan F or G. However, even though there is less coverage, the premiums are lower. The main advantage with this plan is that it covers the biggest healthcare liabilities that face many of us with health care such as with hospice, hospitals and skilled nursing care. This plan offers more flexibility and freedom than most Advantage plan and in some cases it has lower premiums than some Advantage plans.

Medicare Supplement Plan N has other benefits such as foreign travel emergency and premiums are less than other supplements. If you choose this plan, you will be responsible for:

“• The Part B deductible – currently $147 annually
• Up to a $20 co-pay for a doctors visit
• Up to a $50 co-pay for an emergency room visit”

In addition, unlike most Advantage plans, you have standardized benefits from one company to the next and “are readily accepted by medical providers. It is important to note that you will have few out-of-pocket expenses; except for small co-pays for doctor and ER visits. The Medicare Supplement Plan N is not an annual plan and that means you will not have to re-enroll.

To conclude, this plan can be quite helpful; especially if your health is good and you like flexibility and fewer out-of-pocket expenses. To Get instant rates on Medicare Supplement Plan N and compare plans online enter your zip code below now.

What Are The Best Medicare Supplemental Plans?

When it comes to figuring out what are the Best Medicare Supplemental plans it’s not hard to get confused as the options of plans as well as companies who sell them are many. Many people struggle to read through all the Medicare material only to find themselves discouraged and confused. Before making any decision about a plan you first have to ask yourself some very important questions.

These questions, also depend on your current situation. For instance, if you are just turning age 65 and are taking Part B Medicare, then you can you can choose from any plan available from any carrier and not be turned down for coverage. This is because there is no medical underwriting when it comes to people in what is called the “Open Enrollment Period”. This period last 6 months from the effective date of Part B Medicare. This is the best time to sign up for a supplement plan, as you may choose any plan you want.

Therefore in this situation, ask yourself:

  • Do I want all my medical bills paid for 100%? With no co-payments, no coinsurance, and no deductibles to pay out-of-pocket?
  • Would I rather save money on my monthly premium because I am healthy, and enroll in a plan with less benefits but has a lower rate?
  • Do I need prescription drug coverage?
  • What about Dental, hearing and vision coverage?

Many people will likely tell you that Medigap Plan F is one of the best plans you can get because it pays all the out-of-pocket expenses of Medicare Part A and Part B. This is certainly true, but is the best for you?

Just because a plan has the most comprehensive coverage doesn’t mean you should enroll.

Use this chart to help find the best Medicare Supplement plans

Depending on your age Plan F could be as much as $40 more in monthly premium over a Medigap Plan G, yet the benefits of Plan G are nearly as good. This could result in significant savings for you, but you must do your research prior to see.

Remember, the best Medicare Supplemental plans are the ones that fit your budget, yet provide all the coverage you need. And because your budget is different than everyone else’s you must research all of your options. Have an experienced agent such as ourselves can easily help in the process, and there’s never a cost for our services. Learn about and compare plans, choose which is best for you, and save money!

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Compare Medigap Plan F Rates vs. Plan G

For anyone who has done even a little bit of research into Medigap plans you have likely learned that it can sometimes be information overload. Whether you’re choosing a plan for yourself or a loved one, be sure to at least leave yourself enough time to decipher all the information you’re getting and make sure you have access to all of your options. Many people simply want the very best supplemental coverage available, however when it comes to Medigap Plan F rates can vary widely between the top companies.

Is There a Better Choice Than Plan F?

With over 10 different Medicare supplement plans, it’s no wonder at first glance most people get confused. After all, you’re probably still trying to comprehend learning the various “parts” of Medicare and the ABC’s of that. Well don’t feel bad, but do keep reading www.MedigapPlansguide.com to learn more. We break it down easily for you to understand, and of course you can always call us for free consultations.

Offering 100 percent coverage of the expenses that Medicare Part A and Part B do not cover, Medicare Plan F truly is an outstanding and popular choice among those who are eligible. While many people simply stop there knowing they have the best, others (Particularly those on a fixed income) need to perhaps check other plans that might not offer full benefits and coverage but do have a lower monthly premium. Also, for healthy people regardless of their income a plan with less benefits and more out-of-pocket costs should they use the coverage might seem more attractive and be a better option.

Medicare Supplement Plan G has quickly become one of the most popular plans over the years and for very good reason. Plan G is also offered by several companies in many states and is nearly identical to Plan F. The only difference is if you have a Plan G, you must pay the annual Part B deductible yourself before Medicare and the supplemental plan will begin paying. In 2013 this deductible is $147.

Do The Math – It Could Be Worth It!

So now you know the difference between Plan F and G, and the question you should be asking yourself is “Which one fits my needs best?”
Are you the type of person who never wants to see a medical bill, not even a co-pay or deductible? Then Plan F is the best choice. Are you healthy and rarely visit your doctor, but want great coverage yet want to save money? Plan G just might be your best option.

Let’s take a look at an example. We’ll say Company “A” offers a Plan F in your zip code at age 65 for $155 per month. Easy to budget and you’ll receive no other medical bills for all approved expenses. Company “A” however, also offers a Plan G at a rate of $125 per month. Keep in mind the only difference between the two plans is on Plan G you’ll have to pay the $147 deductible before getting coverage, then it’s 100 percent after that on approved expenses.

The Medigap Plan F rates are $155, minus the Plan G premium of $125 equals a savings of $30 per month on Plan G, or $360 per year less in premiums. Now, we still need to subtract out that deductible you’ll have to pay with Plan G which is the $147. So we take the $360 per year savings minus that deductible leaving us with $213.
This means that by simply paying the annual Part B deductible yourself you would save $213 per year by going with Plan G in the example above. To put it another way, you would be paying Company “A” a $213 “service type fee” on Plan F for them to pay the deductible for you, with your money!

The difference in premiums between the two plans varies based on age, gender, and zip code. Those approaching age 70 and beyond will find a much greater savings than people age 65 typically, and many couples who have switched came off Plan F and switched companies have sometimes saved over $1000 per year.

We offer free quotes and No-Obligation consultations for our clients. We can easily show you all of the Medigap Plan F rates in your area as well as Plan G. Then we’ll let you decide which plan fits your needs best.

Compare Medigap Plans During Open Enrollment

Medicare is the best deal for most seniors, and once you have turned 65 years of age you are eligible to get this insurance. The one downside to this coverage is that it only pays approximately 80 percent of your medicals bills. This gap of 20 percent can be covered partially or completely with a supplemental insurance policy for Medicare. They are a great deal and should be taken advantage after you enroll in Medicare. You only have six months to purchase a supplemental policy, so you will need to compare Medigap Plans and decide which is best for you.

There are several plans to choose from, and because each plan is determined by federal law, they will be the same regardless of which company you choose to purchase from. Insurance companies are not allowed to factor in your health condition when you apply for a Medicare supplemental policy, so as long as you keep your premium payments current, your policy cannot be cancelled. Your premiums cannot be increased either, so purchasing a supplement policy makes good financial sense.

Because the plans do not vary, the first step is to decide which one you want, and then have several companies give you a quotation. Insurance companies compete on price; to get the best deal, you need to know which plan you are interested in.
For the purpose of quotations, you do not have to limit yourself to one plan, but make sure to compare prices from each company for the same plan.

To make the supplemental plans easy to identify, the government has given them letter designations. Currently, there are 10 plans that are given letter designations. Plan A is important to understand because it is the most basic plan. All other Medicare supplemental plans contain what plan A does but with additional coverage.

Plan A covers four basic areas: Medicare Part A copayment and your stay at a hospital for up to one year after Medicare coverage lapses, Medicare hospice copayment, Medicare Part B copayment and the first three pints of blood. Medicare supplemental Plan B takes everything provided in Plan A and adds coverage for the Medicare Part A deductible. These basic plans may be enough for you, but plans with more coverage may be more cost effective in the long run.

The most popular Medicare supplemental plans are F and G. Both of these plans have extensive coverage. The one main difference in coverage is that Plan F pays for the deductible for Medicare Part B. However, this slight difference in additional coverage under Plan F is often negated by lower premiums for Plan G. If you want maximum coverage, it is best to focus on both of these plans.

Once you have decided on which plan you are most interest in, the next step is a quotation. When you compare Medigap Plans, you want to get the best quotes possible. This is where using a service from a company such as this website is a huge time saver. Here, you can enter your information one time and have them compare quotes from many companies at once. This assures that you will be getting the lowest price quotations available.

When Can you Enroll in a Medicare Plan F?

By now if you’ve been reading about the various supplement plans and the ten letters that a few of the plans likely keep coming up in various articles. Or perhaps you have friends who have given you advice on which plan to enroll in or which one they like. Regardless of where you learned of it, it’s highly likely that the letters F, G, N and possibly C have entered the discussion.

By far at the moment the most popular plan is Medicare Plan F as it covers 100 percent of the deductibles and coinsurance of Medicare Part A and Part B. And who doesn’t love 100 percent coverage? These policies are well known and available through several insurance carriers on the market, and they all carry the same plan F. This means the benefits are identical regardless of the company that offers the plan. The premiums however are all extremely different therefore it’s important to allow us to shop the rates from all the companies to determine who has the best savings.

Who is Eligible

To enroll in any of the Medigap plans you must be eligible and have obtained, or are obtaining, Medicare Part A (Hospital) and Medicare Part B (Doctor’s services). For most people this occurs when they turn age 65, although many people hold off on enrolling in Part B if they are still working and on their employer’s health plan. This allows them to save on the monthly premium for Part B as well, a very smart move which you need to consider when working past age 65 and on company insurance.

Anyone under the age of 65 who has been on Social Security disability for 24 months also qualified for Part A and B, and therefore qualifies to enroll in a Medigap plan. State laws differ when it comes to all Medicare supplement plans and with under-65 beneficiaries this is no different. Please check with us to see what you qualify for as all plans might not be offered in your state in these cases.

What the Plan Covers

As mentioned above Medicare Plan F covers all deductibles, co-payments, and coinsurance or the “gaps” in Medicare. Those deductibles include:

  • Part A Deductible – $1184 in 2013 for each benefit period; A benefit period is 60 days, meaning if you enter the hospital and leave for 60 days or more, then get re-admitted you will be required to meet this deductible again
  • Part B Deductible – $147 in 2013; Prior to Medicare Part B paying anything someone has to pay this deductible. A Plan F pays this for you (You pay higher premiums for them to pay the deductible is what it really amounts to)

There are several other benefits Plan F covers but the big one is the 20 percent of medical bills that Medicare does not pay. The easiest way to remember what the plan covers is provided you visit doctor’s that accept Medicare you should never receive a bill for any Medicare-approved expense.

 

When You Can Enroll

You may enroll in a Plan F or any other Medigap plan at anytime throughout the year provided you have both Part A and Part B Medicare. Unfortunately in some cases it’s not as easy as that however, so we’ll explain each scenario in more detail so you can see which one applies to you.

Just Enrolling in Part B Medicare?

If you just enrolled in Part B Medicare you have 6 months to enroll in a Medigap plan from the effective date of Part B, without having to go through Medical underwriting. Can you not get a supplement if you miss the 6 month time frame? You absolutely still can, however during that six months you are guaranteed coverage regardless of pre-exisiting conditions. Therefore most people take advantage of this period and start their Medigap plan the same day as their Part B coverage.

Just Have Medicare Part A and Part B, But No Other Coverage in the Last 63 Days?

No problem, come aboard! Regardless of the time of year it is you can still get a Medigap plan. You will however have to go through Medical underwriting and get approved. Don’t worry, even with a prior medical history or pre-existing conditions we almost always have an option for everyone! Call us as we’re here to help!

Retiring or Coming off Employer Insurance and Already Have Part B Medicare?

If you are coming off employer health insurance and you have had Part B Medicare for more than 6 months, in many cases you can be guaranteed coverage into a Medigap plan with no medical underwriting. The rules vary by state and in most cases your employer will have to be primary, please check with us for eligibility.

You will have 63 days from the time your employer’s coverage ends to enroll in a policy with no underwriting and pre-existing conditions waived. The same time period applies to enrolling in a Part D drug plan.

Get Help in Choosing

At MedigapPlansGuide.com we strive to provide you with all the knowledge you need to make an educated decision when it comes to choosing a plan. Whether it’s a Medicare Plan F or a Plan G to help cover the gaps in Medicare, we’ll help you find the best company with the lowest premiums, year-after-year!  To check rates simply enter your zip code below.

Baby boomers Benefiting With Medicare Supplemental Plans

People may ask themselves how does the Affordable Care Act assist the baby boomers in this country? The answer is simple. Medicare Supplemental Plans are offered to people who are under 65 or actually over 65 years of age. The key is to know which plan is the best for them.

Older adults are always concerned over rising healthcare costs and they also may worry about how they are going to pay their healthcare bills. The answers sometimes may seem complex but it is absolutely crucial to understand every healthcare outlet or options available before deciding which healthcare plan to take out.

If a person is under the age of 65, they may have several options to choose from. This generally is what confuses everyone. Individuals should always start with the U.S. Department of Health and Human Services.

Will Pre-exisiting Contidions Come into Play?

If people have pre-existing conditions they can look into what is technically known as HIRSP or Health Insurance Risk Sharing Plans. These types of plans can assist individuals with their prescriptions that are high in costs and this plan can assist people receiving Medicare disability payments as well.

Medicare insurance is usually broken down into four sections. Medicare Part A always will cover hospital, hospice, and rehabilitation costs at a skilled nursing unit facility. Medicare Part B is basically medical coverage or insurance for people over the age of 65. Medicare Part C assists any person with Medicare Advantage plans. Medicare Part D will assist people with their prescribed drug plans and their additional monthly costs.

Coming Off Group Health Insurance

Baby Boomers that have active health insurance coverage from their employer with their employment or through their spouses employment through their employers may not require the Medicare Part B just yet. These baby boomers may not realize that they are actually eligible for the Medicare assistance. If the baby boomer’s current employer has 20 or less employees, it may be beneficial to actually take out Medicare Part A & B as their primary insurance coverage or they may be penalized at a later date and time if they do not understand these facts.

Baby Boomers who take early Social Security will receive their benefits and their cards approximately 3 months before they turn 65.

These are just some of the benefits that may assist the baby boomers throughout the upcoming years in the future. The baby boomers need to understand Medicare plans and all that they offer and what they are actually eligible for. Once they understand all four sections of Medicare as well as the Medicare Supplemental Plans they’ll see that having deductibles, co-payments and coinsurance paid for is a great luxury. They will understand the plans could actually save them a lot of time and money if they in fact choose the correct one that they need to help them financially.

 

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Medicare Plan N Just Could Be Your Best Choice For a Medigap Plan

By now you’ve most likely read just about everything there is to read regarding Medicare Part A, B, C, D…etc. It’s enough to drive you crazy, but there truly is a method to the madness of it all. It simply takes breaking down the framework of it all in your mind, starting with the basics then moving to the add-on coverage. When it comes to paying the Part A deductible and Part B coinsurance Medicare Plan N is often overlooked, however this could just be the best Medigap Plan ever created.

But I heard Medicare Plan F Was Best?

Without question no one will argue that Medicare Supplement plan F offers “the most comprehensive coverage.” This is all fine and dandy, but “comprehensive always seems to come with a price. Now, if you’re the type of person where budget is no concern and you simply want every medical bill paid then by all means go with Plan F.

But with all the options available you owe it to yourself to check the benefits of every plan. This is because you and your situation is entirely different than everyone else. As is your budget, your health condition, your wants and your needs when it comes to your medical health insurance.

Why Plan N? Don’t I Have to Pay Extra Something For it?

The first step in determining which Medigap plan is best for you is to stop, read, and comprehend. Listen to what your independent agent is offering, compare it to your own current situation, then make a decision based on your own conclusions. Find out if you can switch later (you likely can, but get details) and how much the plan will cost from each company.

That being said, Medicare Plan N has lower monthly premiums than both Plan F and Plan G. The reason is there are some out-of-pocket expenses that you must pay along with having the plan. Let’s cover those now:

With Medigap Plan N You Must:

 

  • Pay the $147 (2013 cost) annual part B deductible each calendar year prior to Medicare and your plan N paying anything (Just like Plan G)
  • After you pay this deductible, you might have up to a $20 co-pay per doctor’s visit. You might have NO co-pay, you might have a $5 co-pay, but your co-pay will never be more than $20 per visit. This is because your co-pay depends on what Medicare will pay for your visit.
  • If you visit the Emergency room with Plan N, but do not get admitted, you will have to pay a $50 co-pay. This helps keep those with the sniffles from visiting the Emergency room because it will cost them.
  • Plan N does not pay Medicare Part B excess charges. Over 90% of doctor’s in this country do not charge these and if they are charged it is typically minimal.

But Is It Right For Me?

Working with your agent you both can determine whether Plan N is best for you or not. If you are healthy, rarely see your doctor, yet still wish to have outstanding coverage to supplement Medicare insurance than you absolutely should consider Medicare Plan N as an option to save the most money yet still pay coinsurance and the Part A deductible.

To get quotes on Plan N simply enter your zip code below to compare rates from top carriers.

What are The Best Medicare Supplement Plans?

Congratulations! You’ve worked your whole life for this. The list of things you want to accomplish upon retiring may include travel the world, volunteer with a local charity or spend hours on end at the golf course. Whatever your plans, you’re feeling pretty confident with that gold watch on your wrist and Medicare card in your wallet. Unfortunately, with today’s high cost of medical care, many retirees find Medicare is not enough. So, don’t be surprised if the first item on your retirement “to do” list is shopping for Medicare supplement plans.

These plans are insurance policies intended to minimize out-of-pocket expenses by picking up the charges that Medicare does not cover. Referred to as Medigap, because they bridge the gap between what the doctor charges and what Medicare pays, these insurance policies pay for deductibles, coinsurance, copayments, and in some cases, services that Medicare does not cover at all, such as emergency care in foreign countries.

How They Work

Medicare has two major components: Medicare Part A, which covers hospital expense, and Medicare Part B, which covers medical coverage for expenses such as lab tests, surgeries and doctor visits.

Even if you have both Medicare Part A and Medicare Part B, you will still have out-of-pocket expenses for items such as deductibles, copayments and coinsurance. This is where Medigap comes in.

For example:

As of 2013, the annual deductible for Medicare Part B is $147 and coinsurance is 20 percent.

If you went to the doctor, and he charged $500. After you paid the $147 deductible, Medicare would pay 80 percent of the remaining $353, or $282.40. Your out-of-pocket expenses would be the 20 percent coinsurance of $70.60, plus $147, or $217.60.

If you have Medigap insurance coverage, it would pay the $217.60 that you owe on the doctor’s visit.

Who Needs Medigap?

Certainly, you will not need a supplement if the company you worked for offers free health insurance to retirees, but for those with health problems who are living on a fixed income, Medigap insurance can be a good investment.

While everyone’s financial picture and health situation is different, if your out-of-pocket medical expenses are continuing to rise due to health issues, it might be worth your time to look into coverage.

Medigap Options

Plans are purchased through private insurance companies, and though the cost of these plans varies widely, the benefits are the same. Since 1992, all Medicare Supplement plans have been standardized by the federal government. Therefore they are all standardized to cover deductibles, coinsurance, and all other benefits within each plan letter regardless of company.

In the United States, federal law allows for insurance companies to carry 10 specific plans. They are identified by the alphabetical letters A, B, C, D, F, G, K, L, M and N. The benefits for these policies are the same regardless of the state in which you live and the insurance company from which you purchase the coverage. However, the premiums for coverage vary widely.

The basic benefits that all Medigap plans cover include:
• Coinsurance on hospital stays
• 100 percent of hospital care over the 150 days Medicare Part A covers
• 20 percent coinsurance of the Medicare-approved amount for Part B expenses
• First three pints of blood each calendar year

Supplements F and G are the only plans that cover Medicare Part B “excess charges.” Excess charges go above the Medicare-approved amount, and in some cases, the patient can be held responsible for these charges.

Both plan F and plan G cover skilled nursing facility care, Medicare Part A deductible, Medicare Part B excess charges and foreign travel emergency care.

However, plan G does not cover the Medicare Part B deductible.

Another difference between these two plans is, plan F has a high deductible option, so premiums for this plan are lower. More out-of-pocket expense means lower premiums.

It is also important to note that Medigap only covers those services that Medicare deems medically necessary, and that Medigap policies generally do not cover long-term care, vision or dental care, hearing aids, eyeglasses, or private-duty nursing.

Who is eligible?

Generally, individuals who are covered by Medicare, can purchase Medigap. Medicare is available to those who are age 65 or older, those who have been on Social Security Disability for more than 24 months and those who have End-Stage Renal Disease.

However, Medigap is not available to Medicare recipients who have a Medicare Advantage Plan, an employer group health plan or a Medicare Select Plan.

In addition, a Medigap policy only covers one person, so if you have a spouse, they will need a separate one.

The Centers for Medicare and Medicaid offer a buying guide for individuals in the market for a Medigap plan. You can view the guide at http://www.medicare.gov/Publications/Pubs/pdf/02110.pdf.

There is no one size fits all when it comes to Medicare supplement plans, though they all pay the 20 percent coinsurance and most or all of the deductibles. The plan you choose will depend on your unique financial situation and on the state of your health. Since there are so many to choose from, it is advisable to shop around using our website and our experienced agents to study the options before making a decision.

How to Compare Medicare Supplemental Insurance Rates

Medicare Supplemental insurance rates vary greatly between companies, even if the coverage is identical. While this may only add to the Medicare confusion, in reality it actually makes choosing a Medigap policy even easier. When shopping for coverage there are just a few fundamental steps you should take to keep you out of harm’s way and make sure you save as much money as possible, while getting the very best coverage you can.

Step 1 – Use an Experienced Agent – Let Us Help!

When many people begin looking for Medigap coverage they immediately take to the internet or try reading through all the publications that they have received from Medicare and multiple insurance companies. This is a great idea as it is extremely important to get yourself educated on the different plans, their benefits, and how much it all will cost you.

We offer FREE, No-Obligation consultations to help answer all of your questions and make sure you have a thorough understanding of the coverage you will be getting. The great news is once it’s explained to you most people find that Medigap insurance is very easy to understand.

We are an independent agency that is authorized to offer the top Medicare supplement insurance companies and their products. And because rates differ by area, gender, and age it’s important to have as many options as possible when you compare Medicare Supplement Plans.

See What You Are Eligible for Based on Your Current Situation

Are you just now turning age 65? Are you disabled and only now just qualifying for your Medicare Part A and Part B insurance? Perhaps you are still working and you’re ready to retire, but have been on Part B Medicare for quite some time.  All of these situations are obviously different therefore the that are available in terms of plans and coverage are all different as well.

If you are turning 65 and qualify for Part A and B Medicare, you may get any Medigap plan you wish. (Keep in mind you still must check Medicare Supplemental Insurance rates from all carriers in your area!) Therefore, work with your agent to see which plan fits your needs best, as well as your budget and you can simply enroll with no medical underwriting. Pre-existing conditions do not matter.

Choose the Plan That Fits Your Needs Best

Some plans have 100 percent coverage, others have co-pays and deductibles. Which is best? Well as you might have guess, the more coverage the higher the premium each month. That being said, be sure to check rates for the most popular plans to see what your options are. Plans like F, G, and N seem to be the most popular for people on Medicare.

Medigap Plan F

Covers 100 percent of the gaps in Medicare Part A and Part B. Who doesn’t like 100 percent coverage?

Medigap Plan G

Offers 100 percent coverage after you pay the Part B deductible out-of-pocket first. This averages around $147 once per year. You will get lower premiums though to compensate and will likely save money over Plan F on this plan.

Get Rates From All of the Top Companies

Regardless of which plan you choose, it is absolutely imperative that you obtain quotes from all of the top companies. Use your agent! Agents do not cost any extra, however as long as they represent all the top companies you will get to see all of the plans available from top companies. If you do not take this step you could spend substantially more than you should for the same coverage. For instance a Plan F from one company might be a $115 in your zip code, however with another company it could cost $175 per month. Don’t get caught paying too much. Compare Medicare Supplemental insurance rates from all the carriers, save money and be protected.